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228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5

MLS® # 40801493
Investment For Sale In Mt. Hope Huron Park, Kitchener, Ontario
$3,340,000
228 Margaret Avenue, Kitchener, ON - Outdoor
228 Margaret Avenue, Kitchener, ON - Outdoor
228 Margaret Avenue, Kitchener, ON - Outdoor
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room
228 Margaret Avenue, Kitchener, ON - Outdoor With Exterior
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Kitchen
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Bathroom
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Laundry Room
228 Margaret Avenue, Kitchener, ON - Outdoor
228 Margaret Avenue, Kitchener, ON - Outdoor
228 Margaret Avenue, Kitchener, ON - Outdoor
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room
228 Margaret Avenue, Kitchener, ON - Outdoor With Exterior
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Kitchen
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Bathroom
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Laundry Room
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228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5
$3,340,000

Property Information:

Mixed-use investment property at 228 Margaret Avenue, with adjacent 236 Margaret Avenue included in the sale. Total of 15 units: 1 commercial unit (convenience store) and 14 residential apartments (10 one-bedrooms, 3 two-bedrooms, 1 three-bedroom). Highly visible, transit-accessible location close to schools, shopping, and public transit. Strong rental demand with opportunity to improve income performance through hands-on management and capital upgrades. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 9701 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: None
  • Appliances: Water softener

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Amenities Nearby: Hospital, Park, Public Transit, Schools, Shopping
  • Features: Laundry- Coin operated
  • Floor Space (approx): 9701 Square Feet
  • Lot Frontage: 62 Feet
  • Zoning: C1
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 13

Courtesy of: Real Broker Ontario Ltd.

REALTOR.ca  

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Location of 228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5

Demographic Information of 228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$112,038.33

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.04 %

High school certificate or equivalent

28.98 %

Apprenticeship trade certificate/diploma

5.51 %

College/non-university certificate

21.33 %

University certificate (below bachelor)

1.32 %

University Degree

26.83 %

Commuter

Travel To Work

By Car

85.34 %

By Public Transit

5.12 %

By Walking

4.4 %

By Bicycle

0.09 %

By Other Methods

5.05 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.68 %

Houses

61.32 %

Own Vs. Rent

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